Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 56.94 | 64.01 | 62.39 | 65.73 | 57.32 | 70.47 | 64.17 | 62.36 | 70.60 | 71.16 | 76.12 | 86.01 |
| Expenses | 55.38 | 62.38 | 60.55 | 64.28 | 55.84 | 69.20 | 62.42 | 60.75 | 68.84 | 69.49 | 73.61 | 84.20 |
| Operating Profit | 1.56 | 1.63 | 1.84 | 1.45 | 1.48 | 1.27 | 1.75 | 1.61 | 1.76 | 1.67 | 2.51 | 1.81 |
| OPM % | 2.74% | 2.55% | 2.95% | 2.21% | 2.58% | 1.80% | 2.73% | 2.58% | 2.49% | 2.35% | 3.30% | 2.10% |
| Other Income | 0.10 | 0.04 | 0.14 | 0.03 | 0.03 | 0.03 | 0.28 | 0.02 | 0.03 | 0.00 | 0.12 | 0.02 |
| Interest | 0.71 | 0.69 | 0.63 | 0.51 | 0.58 | 0.30 | 0.68 | 0.63 | 0.80 | 0.68 | 1.00 | 0.58 |
| Depreciation | 0.56 | 0.56 | 0.56 | 0.55 | 0.55 | 0.55 | 0.55 | 0.59 | 0.59 | 0.59 | 0.60 | 0.58 |
| Profit before tax | 0.39 | 0.42 | 0.79 | 0.42 | 0.38 | 0.45 | 0.80 | 0.41 | 0.40 | 0.40 | 1.03 | 0.67 |
| Tax % | 30.77% | 26.19% | 25.32% | 26.19% | 10.53% | 35.56% | 22.50% | 24.39% | 27.50% | 47.50% | 25.24% | 25.37% |
| Net Profit | 0.27 | 0.31 | 0.59 | 0.31 | 0.34 | 0.28 | 0.61 | 0.31 | 0.31 | 0.22 | 0.76 | 0.50 |
| EPS in Rs | 0.25 | 0.29 | 0.55 | 0.29 | 0.32 | 0.26 | 0.57 | 0.29 | 0.29 | 0.20 | 0.70 | 0.46 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74 | 81 | 102 | 132 | 140 | 177 | 282 | 297 | 246 | 257 | 280 | 304 |
| Expenses | 71 | 77 | 98 | 126 | 133 | 168 | 271 | 288 | 239 | 251 | 273 | 296 |
| Operating Profit | 3 | 4 | 4 | 6 | 7 | 8 | 12 | 9 | 7 | 6 | 8 | 8 |
| OPM % | 4.5% | 4.7% | 3.8% | 4.9% | 4.9% | 4.5% | 4.1% | 3.1% | 2.7% | 2.4% | 2.7% | 2.5% |
| Other Income | 0 | 0 | -0 | 1 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 1 | 1 | 2 | 2 | 2 | 6 | 7 | 4 | 2 | 2 | 2 | 2 |
| Tax % | 9% | -35% | 3% | 19% | 11% | 25% | 26% | 27% | 26% | 25% | 29% | |
| Net Profit | 1 | 2 | 1 | 2 | 2 | 4 | 5 | 3 | 1 | 2 | 2 | 2 |
| EPS in Rs | 0.98 | 1.61 | 1.38 | 1.52 | 1.72 | 3.83 | 4.97 | 3.01 | 1.37 | 1.44 | 1.48 | 1.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 14% | 10% | -2% | 19% | ||
| Compounded Profit Growth | 4% | -17% | -21% | 16% | ||
| Stock Price CAGR | 22% | 3% | 4% | 5% | ||
| Return on Equity | 12% | 10% | 5% | 5% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | -4 | -3 | -1 | 1 | 2 | 4 | 8 | 14 | 17 | 18 | 20 | 21 |
| Borrowings | 23 | 19 | 24 | 32 | 37 | 37 | 39 | 41 | 44 | 37 | 35 | 44 |
| Other Liabilities | 7 | 10 | 9 | 9 | 13 | 15 | 25 | 29 | 22 | 17 | 20 | 24 |
| Total Liabilities | 37 | 37 | 43 | 52 | 63 | 67 | 83 | 95 | 94 | 84 | 86 | 100 |
| Fixed Assets | 9 | 8 | 8 | 7 | 28 | 28 | 25 | 23 | 22 | 20 | 18 | 23 |
| CWIP | 2 | 3 | 7 | 22 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 26 | 26 | 29 | 23 | 35 | 40 | 57 | 72 | 72 | 63 | 61 | 77 |
| Total Assets | 37 | 37 | 43 | 52 | 63 | 67 | 83 | 95 | 94 | 84 | 86 | 100 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 2 | 2 | 8 | 0 | 7 | 1 | 2 | -7 | 9 | 8 | -2 |
| Cash from Investing Activity | -0 | -0 | -5 | -14 | -2 | -1 | -0 | -0 | -0 | -0 | -7 | -0 |
| Cash from Financing Activity | -1 | -5 | 3 | 7 | 2 | -2 | 0 | 0 | 1 | -10 | -3 | 6 |
| Net Cash Flow | -0 | -3 | 0 | 0 | 0 | 4 | 1 | 2 | -6 | -1 | -3 | 4 |
| Free Cash Flow | 1 | 0 | -1 | -8 | -1 | 6 | 1 | 2 | -8 | 9 | 1 | -3 |
| CFO/OP | 47% | 59% | 63% | 196% | 1% | 109% | 20% | 23% | -49% | 146% | 134% | -16% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 39 | 43 | 28 | 48 | 43 | 69 | 42 | 46 | 54 | 55 | 54 |
| Inventory Days | 83 | 103 | 88 | 53 | 49 | 49 | 14 | 25 | 40 | 39 | 33 | 43 |
| Days Payable | 34 | 57 | 49 | 38 | 46 | 50 | 51 | 29 | 25 | 22 | 26 | 28 |
| Cash Conversion Cycle | 80 | 85 | 82 | 42 | 50 | 42 | 32 | 39 | 61 | 71 | 62 | 68 |
| Working Capital Days | -7 | 1 | 5 | -8 | 0 | -6 | 8 | 8 | 8 | 14 | 8 | 13 |
| ROCE % | 10% | 10% | 10% | 9% | 11% | 11% | 14% | 16% | 10% | 7% | 6% | 8% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% |
| DIIs | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Public | 24.77% | 24.78% | 24.77% | 24.77% | 24.77% | 24.78% | 24.77% | 24.78% | 24.77% | 24.77% | 24.77% | 24.76% |
| No. of Shareholders | 672 | 701 | 834 | 859 | 874 | 861 | 828 | 827 | 823 | 801 | 781 | 776 |
Fundamentals
Market Cap₹ 93.7 Cr.
Current Price₹ 86.8
Stock P/E52.3
Book Value₹ 29.9
ROCE7.51 %
ROE5.09 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)16%
Standalone figures.
Valuation
Market capRs 92 Cr
Enterprise valueRs 131 Cr
P/E (TTM)51.29x
Price to book2.85x
Price to sales0.30x
EV / EBITDA16.52x
EV / EBIT23.53x
EV / sales0.43x
Earnings yield1.95%
P/E, 3-year average62.13x
P/B, 3-year average3.13x
P/E, 5-year average44.45x
P/B, 5-year average2.99x
Profitability
Operating margin (excl. other income)2.69%
Operating margin (incl. other income)2.75%
EBITDA margin2.61%
Pre-tax margin0.82%
Net profit margin0.59%
Net margin, latest quarter0.58%
ROE5.09%
ROCE7.51%
ROA1.72%
ROE, 3-year average5.16%
ROCE, 3-year average6.96%
ROA, 3-year average1.74%
ROE, 5-year average10.54%
ROCE, 5-year average9.45%
ROA, 5-year average2.94%
ROIC (approx.)5.52%
Tax rate29.20%
Other income / net worth0.53%
Growth
Sales growth (latest year)8.83%
Profit growth (latest year)3.23%
Sales CAGR, 3 years-1.97%
Sales CAGR, 5 years9.68%
Profit CAGR, 3 years-21.04%
Profit CAGR, 5 years-17.28%
Sales growth QoQ12.99%
Profit growth QoQ-34.21%
Sales growth YoY (latest quarter)37.92%
Profit growth YoY (latest quarter)61.29%
Per share
EPS (TTM)Rs 1.66
EPS (latest year)Rs 1.48
EPS (latest quarter)Rs 0.46
EPS, 3-year averageRs 1.43
EPS, 5-year averageRs 2.45
Book value per shareRs 29.90
Sales per shareRs 281.67
Cash flow per shareRs -1.78
Free cash flow per shareRs -2.78
Efficiency
Asset turnover2.79x
Fixed asset turnover12.19x
Inventory turnover10.98x
Inventory days33 days
Debtor days54 days
Debtors turnover6.79x
Creditor days28 days
Cash conversion cycle68 days
Working capital days13 days
Leverage
Total debtRs 44 Cr
Cash and bankRs 5 Cr
Net debtRs 39 Cr
Debt to equity1.37x
Net debt / EBITDA4.93x
Interest coverage1.82x
Owners' fund to total sources32.16%
Debt to assets44.18%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 6 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs -3 Cr
FCFE (approx.: FCF + change in debt)Rs 6 Cr
Cash from ops / profit, 5 years0.77x
Statement figures
Net sales (TTM)Rs 304 Cr
Net sales (latest year)Rs 280 Cr
Sales (latest quarter)Rs 86 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 268 Cr
Total expenditure (latest year)Rs 273 Cr
Total income (latest year)Rs 280 Cr
Share capitalRs 11 Cr
ReservesRs 21 Cr
Shareholders' fundsRs 32 Cr
Total assetsRs 100 Cr
Net blockRs 23 Cr
InvestmentsRs 0 Cr
ReceivablesRs 41 Cr
InventoryRs 24 Cr
Other liabilitiesRs 24 Cr
Shares outstanding (crore)1.08
Ownership
Promoter holding74.99% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 51.3 is at the 65th percentile of its own 9.4-year range
(median 28.6, low 8.5, high 82.3).
P/B 2.85 is at the 27th percentile (median 3.53).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531813 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -14.9% | -2.8% | -12.1 pts |
| 1 month | +0.1% | -6.8% | +6.9 pts |
| 3 years | +10.5% | +14.2% | -3.7 pts |
| 5 years | +16.2% | +27.9% | -11.6 pts |
Red flags
F-score 3 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹86 Cr +37.9% vs Jun 2025.
Net profit ₹0 Cr +61.3%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| JK Paper Ltd | 7,096 | 21.7 | 7.39 % |
| West Coast Paper Mills Ltd | 4,641 | 20.2 | 6.17 % |
| Seshasayee Paper & Boards Ltd | 1,535 | 15.5 | 5.60 % |
| Andhra Paper Ltd | 1,427 | 51.7 | 0.04 % |
| N R Agarwal Industries Ltd | 1,125 | 17.0 | 8.49 % |
| Tamil Nadu Newsprint & Papers Ltd | 1,053 | 4.04 | 6.41 % |
| Pudumjee Paper Products Ltd | 898 | 9.86 | 18.1 % |
| Emami Paper Mills Ltd | 718 | 7.60 | 11.4 % |
| Satia Industries Ltd | 687 | 3.94 % | |
| Kuantum Papers Ltd | 671 | 18.6 | 5.24 % |
| Prabhatam Infra Venture Ltd | 614 | -97.1 % | |
| Shree Rama Newsprint Ltd | 464 | 0.93 % | |
| Pakka Ltd | 350 | 25.2 | 3.31 % |
| Orient Paper & Industries Ltd | 343 | -4.24 % | |
| Ruchira Papers Ltd | 313 | 9.39 | 11.1 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Ganga Papers India Ltd?
Ganga Papers India Ltd (531813) has a market capitalisation of Rs 93.7 Cr. at the 2026-10-01 close.
What is the P/E ratio of Ganga Papers India Ltd?
Ganga Papers India Ltd trades at a P/E of 52.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were Ganga Papers India Ltd's latest quarterly results?
In the Jun 2026 quarter, Ganga Papers India Ltd sales was Rs 86 Cr (+37.9% vs Jun 2025) and net profit was Rs 0 Cr.